Chapter 347 Hedge Funds and Alternative Investments Conference (5000 words to make up for yesterday's, currently writing today's)
Seeing that Fang Yu didn't believe that it was pinched, Lu Jiayan was so anxious that he almost cried. He didn't react until he hung up the video.
You are a scumbag with women everywhere, what qualifications do you have to not believe me?
Lu Jiayan lay on the bed angrily, and the more he thought about it, the angrier he got.
Even when Zhao Wenjing called her to have breakfast, she angrily said she didn't want to eat.
Her anger was fake, but her happiness was real. Fang Yu's distrust actually made her a little happy, and she felt that her brother really cared about her.
When girls encounter this situation, they usually complain and show off to their best friends, but who can they complain and show off to?
She has always been an ice goddess in school. Among the girls, the one who has the best relationship with her is her roommate Liu Xiaomi. Do you complain to Liu Xiaomi?
Liu Xiaomi has a big mouth, no no no.
Moreover, Liu Xiaomi always thought that Fang Yu was her cousin, and she always fantasized about Fang Yu in front of her, and regarded herself as her sister-in-law Yun whenever she had nothing to do. This made Lu Jiayan always feel guilty about being superior to Liu Xiaomi in front of her.
Lu Jiayan lay on the bed and scrolled through his phone. He flipped through the contacts in his phone several times, but couldn't find anyone to complain to.
Is my social circle so narrow?
Read it again.
Still no.
ε=(ο｀*)))Alas...
You only regret not having enough best friends when you need them.
Eh? Oh right, otherwise...
Lu Jiayan's finger stopped at a contact named "Vicious Female Supporting Character".
"Forget it, I don't want to contact this bad woman."
The finger that had already pressed the button moved away again and pressed the return button in the upper left corner. However, the edge of the palm of the pinky finger accidentally rubbed against the screen and just pressed the phone number of the "evil female supporting role" and dialed it.
oops!
Lu Jiayan was frantically trying to hang up, but in a panic he pressed the power button. The screen went black, and Lu Jiayan became even more anxious. In his panic, the phone slipped out of his hand, fell to the side of the bed, and then slid to the ground.
When she picked up the phone from the ground, she heard a beep from the receiver.
Oh, how come the call was really made?
The iPhone usually has a poor mobile phone signal, so how come it connected so quickly at this time?
By the time she unlocked her phone again, the "evil female supporting character" had already answered the call.
"What do you want from me?"
"Hello, hello, hello?"
"Speak!!! You whimper!"
"Hello, hello, hello? If you don't say anything, I'm hanging up. I don't have time to waste with a whimpering freak like you!"
Hearing the slightly nasal and slightly coquettish sarcastic voice coming from the receiver, Lu Jiayan bit his lip and said, "Do you have time? Let's talk."
——
"Sons, Daddy is back! Long time no see! Do you miss him?" Fang Yu kicked open the door of room 404 and threw his sports backpack on his bed.
Now several people in the dormitory have the financial ability to move out, but except for Fang Yu, the other three still live in the dormitory most of the time and have no intention of renting a house on their own.
Even Fang Yu himself might have to stay in the dormitory for one or two days a week.
"You lived in the dormitory the day before yesterday, and we took the exam together yesterday afternoon. How can you say it's been a long time since we last met?" Luo Ziming took off his headset, quit the game, and said unhappily.
Fang Yu blinked: "That's true, but why do I feel like I haven't seen you three babies for a long time? Come, let daddy have some time with you."
Huang Xiang felt a chill all over his body: "Get lost, get down to business, I have to go have lunch with your stepmother at noon."
"Stepmother?" Lu Xuechang, who was concentrating on indexing the database for his NAS in front of his computer, seemed to be triggered by a keyword. "The only Encha 264 is good, and the only Anthracene Oil 153 is also good, although it's from a few years ago."
Fang Yu chuckled, "Stepmother, police officer, all the ingredients are there. When can Old Huang call her out for dinner? Oh, and then we can go directly to her workplace to pick her up. No need to change clothes, just wear work clothes."
Huang Xiang's face twitched twice, and he smiled with a forced smile: "Is it convenient for me to catch you in the act?"
Fang Yu was shocked. Oh my god, his son has really grown up and can even talk back.
"Okay, stop talking nonsense, quickly liquidate the first phase of the fund and then divide the money." Fang Yu waved his hand, looking listless.
As expected, my son was playful when he was young, but became rebellious when he grew up.
When the other three heard this, their bodies tensed up visibly.
The three of them looked at each other, feeling a little uncomfortable.
"Lao Fang, the three of us discussed it last night." Unable to resist the gazes of the other two, Huang Xiang spoke with a stiff upper lip.
Fang Yu glared: "What the hell are you talking about! You dare to cheat me out of money? I'm telling you, we signed a contract, even father and son have to settle accounts clearly. If you dare to cheat me out of a penny, I'll break your legs!"
"The middle one."
"Fuck you!" Huang Xiang cursed, but his mood immediately relaxed. He said angrily, "I mean, the three of us discussed it. You paid for this company, and the Woking system was also developed by your Yuzi Technology."
"Actually, the three of us are just helping to keep an eye on things, making sure the Woking system doesn't mess up. It's no different than overseers, so we don't really have much of a role."
"So last night the three of us discussed it and decided that 404 would only charge a 0.5% management fee, which is already quite a bit. So let's forget about the 4.99% performance bonus."
After Huang Xiang finished speaking, Luo Ziming and Lu Xuechang nodded.
Although his expression looked a little painful, his attitude was still quite sincere.
Fang Yu understood as soon as he heard it.
This is because of being scared by money.
Maybe he also feels that if he makes money by relying on Fang Yu's connections, he will not be able to get along with his brothers in the future.
After all, he is a clear-headed and stupid college student.
It may come as a surprise to many people that when faced with sudden and easy-to-get wealth, a considerable number of people do not choose to eat it up first, but instead retreat.
This is a very strange mentality.
Basically, everyone fantasizes about getting a windfall, but if someone suddenly gives them one million, a considerable number of people will subconsciously refuse it at the first time. It is not until their rational thinking tells them that there are benefits to taking the money that they will regain their desire for the wealth.
The University of Michigan, Yale University, and Columbia University have all conducted related experiments, randomly giving some people 100 dollars or more on the street, and stating that there was no cost to getting the money. Within ten seconds, less than 20% of people chose to accept it.
For those who think about it for more than a minute, the acceptance rate increases to over 80%.
At the same time, there is a very interesting phenomenon. The closer people are to wealth and the more money they make, the higher the proportion of them who will accept it at the first time and the faster they will accept it.
On the contrary, those who are further away from wealth and have lower incomes obviously need the money more, but they will not accept it at the first time.
Yale and Columbia also conducted another study with a budget of $2 million. They randomly selected 200 participants from around the world and gave each of them $10,000. The money had to be spent within three months and could not be saved or invested.
The results showed that although the money only increased the income of participants in developed countries by an average of 10%, it increased the income of participants in developing countries by as much as 125%. However, 68% of people still used the money for so-called "prosocial spending," that is, spending that benefits others.
Notably, participants who were asked to share their spending via social media donated more to charities, while those without social media sharing requirements donated less.
This shows that social pressure and public moral awareness have increased people's public welfare behavior to a certain extent.
Many psychologists believe that this is related to psychological inertia and cognitive dissonance.
This is the current mentality of the three adopted sons.
Worry about gains and losses.
In fact, they all know that the 12 million yuan charged by the custodian of 404 is considered low in the entire private equity industry, with a management fee of only 0.5% and a performance cap of 4.99% in terms of profit sharing.
Generally, private equity firms that provide fund custody services charge a 2% management fee and a 20% or higher profit share.
When the performance cap was initially set at 4.99%, the three people didn't think much of it. At the time, they thought they could earn at most two to three million Malaysian dollars, and 5% of this was about 100,000 Malaysian dollars.
Divided among three people, each person gets tens of thousands of dollars, which is considered a small fortune and within the psychological tolerance range.
But who would have thought that the Woking system would be so easy to use!
With an accuracy rate of over 75% in short-term predictions, a capital of 12 million Mai Yuan, and 100 trading days of operation of Mai Stock, it finally turned into 69.65 million as of yesterday!
Profit of 57.65 million Malaysian dollars!
The management fee of 0.5, if collected in full, is close to 350,000 Malaysian dollars.
According to the agreement, the performance share capped at 4.99% is close to 2.9 million Mai Yuan, equivalent to 18 million Da Zhou coins!
Each of the three people can get six million!
Even after deducting the 26% tax burden, each person would still receive nearly 5 million. (Note 1)
This amount of money is a bit hot for the three of them.
Five million! Not five hundred dollars!
Even if the housing prices in Haixi have doubled in the past six months, this money is enough to buy a townhouse in Haixi in full.
I didn't do anything, so how can I get so much money in just a few months?
If I take it, doesn’t that mean I’ll be kept by Lao Fang?
Among the four, only Lu Xuechang came from a poor family, and studying finance was a misguided choice for him.
Huang Xiang and Luo Ziming both come from well-off families, but they were able to earn five million in just a few months, which really made them, who were still sophomores, feel a little unreal. They always wondered if this money was a donation from their father.
Compared to them, Lu Xuechang thinks more and is more realistic.
After taking this money, will I no longer have any friends?
Lu Xuechang has realized that Fang Yu may be the biggest connection in his life.
If taking a few million in the short term means giving up long-term connections, he would rather not take it.
But in fact, they are also underestimating themselves.
Making money depends on the Woking system, but avoiding losses is also really up to them.
The Woking system is a very important reference, but investors must not rely entirely on the choices of the Woking system to operate, otherwise they will definitely lose everything.
After all, the Orange model still cannot fully simulate the real world, but the sampling rate is slightly higher than before.
If there is no one on site to control the risks, it is easy to lose everything in one go.
The trio believes that the Woking system's accuracy rate is over 75 percent, but of the remaining 25 percent, a considerable proportion are extremely wrong predictions.
For example, it predicts that Yahoo will plummet in three days, and even predicts that Yahoo will fall to a few cents. At this time, the Woking system will advise users to short sell.
But in fact, humans can tell at a glance that this prediction is completely unreliable and will not incorporate it into their investment strategy at all, but the Woking system will.
If it is a fully automatic operation, then this single order may result in the loss of the entire year's profit.
Eliminating these extremely outrageous errors is equivalent to increasing the accuracy of the Woking system by ten percentage points, enabling the formulation of more stable and higher-return investment strategies.
These are things that the Woking system, which only exists in the virtual world, cannot currently do and must be controlled by humans.
This person must be someone Fang Yu can trust, otherwise if the secrets of the Woking system are leaked, it will inevitably cause a lot of trouble.
For this reason alone, they have nothing to be embarrassed about taking 5% of the profits.
Moreover, Fang Yu’s subsequent plans themselves require a fund company that appears to have nothing to do with him.
"The contract is signed as it is, so we'll execute it accordingly." Fang Yu waved his hand nonchalantly. "Whoever owns it will own it. Why are there so many problems? As a silent shareholder, I'll own half of every profit you make later."
Fang Yu paused: "Besides, this money is not taken for free."
Luo Ziming was horrified, covering his buttocks: "What do you want to do? I tell you, Lao Fang, that's a different price!"
Fang Yu raised his leg and kicked.
"Stop talking nonsense and get serious. Have you guys finished applying for the 10-year visa to Miami a few months ago? It just so happens that after the exams are over in a few days, you guys might have to go to Miami."
After kicking Luo Ziming, Fang Yu started to talk about business.
Since last year, Maiguo has opened a ten-year visa with no limit on the number of times it is valid to Dazhou, which is basically equivalent to a ten-year visa-free policy, and the issuance standards are very relaxed, so Fang Yu urged the three people to apply for one as soon as possible.
Silingsi is registered in Maiguo. With the company and financial guarantees, the three people obtained ten-year visas very smoothly.
But, going to Miami? Now?
The three of them were stunned, not understanding what Fang Yu meant.
Fang Yu slapped a printed English email on the table. "On the 17th of this month, BlackRock is holding a three-day hedge fund and alternative investment conference at the New York Marriott Marquis. Last month, I signed you up using the name 404."
"I received an email from BlackRock yesterday saying it has passed the review. I'll forward the electronic invitation letter to your mailbox shortly."
"You guys can book your own flights. I've already contacted the Tongyuan for the four exams after the 15th, and I'll arrange for you to take the make-up exams individually."
BlackRock Hedge Funds and Alternative Investments Conference?
The trio looked at each other.
How many finance students don’t know BlackRock?
That is the largest asset management company in the world, quite possibly the only one!
"Going to attend the BlackRock meeting? Us?" Lu Xuechang pointed at his nose, looking incredulous.
"Don't act like an inexperienced person. Fund 4041 nearly tripled its principal in 100 trading days, a 480% return. Among all private equity funds with subjective long-term strategies on Wall Street in the first half of the year, its return rate ranked among the top five. It's certainly eligible to participate."
"Haven't you already received a lot of emails from companies in the industry?"
Fang Yu leaned back in his chair and said indifferently.
Si Lingsi's accurate short-term operations have long attracted the attention of some people in the Malaysian capital market. In fact, many bigwigs have paid attention to this small private equity firm with a capital of only 12 million Malaysian dollars, and are very curious about how they did it.
Therefore, in the past few months, the official mailbox of 404 has received many emails from asset management companies, asking about 404's strategy combination and investment methods.
Of course, I will also ask when 404 will open subscription for new products.
When the three guys first received this kind of email, they were a little nervous and carefully chose their words to reply to the other party. Later, as the emails became too many, they simply stopped replying and treated them all as spam.
But this is completely different from being able to attend BlackRock’s meetings!
The BlackRock conference is of a very high standard, and only those companies that are truly influential on Wall Street can be invited!
Now I am already well-known in the financial circle?
For a moment, the three of them were in a trance.
Even the managing directors of some large domestic securities companies are not qualified to attend this meeting, right?
How could a sophomore like me actually attend the conference?
Forget about arranging a make-up exam, even if I didn't want the diploma anymore, what would happen?!
"According to convention, all participating companies will be arranged to have a small exchange meeting. This is a good opportunity for 404 to develop more users. Whether the size of the second fund can reach 100 million yuan depends on the results of your visit this time."
I see.
The three of them looked at each other and thought they understood Fang Yu's thoughts.
It’s to let us go to Wall Street to reap the profits.
By then, with a two-point management fee plus at least 20%, no, with a 404% return rate, even if it is a 50% performance share, many investors will flock to it.
The key is to let the rich see itself and let the leeks compete among themselves, so that Si Ling Si can obtain better financing conditions.
The investment model of 404 determines that it is difficult for the fund to exceed 10 billion US dollars in size. If it exceeds this, the market liquidity may not be sufficient to support it to maintain a high rate of return.
Therefore, within the range of tens of billions of yuan, how to bargain with investors and obtain higher performance shares has become one of the most important goals of 404 in the future.
Thinking of this, the three guys suddenly felt less guilty about taking the five million.
It turns out that I am still valuable.
"Eh? Lao Fang, besides the three of us, there's also someone named Jiang Noreen in this email. Who is this person? And why is he going with us?"
Luo Ziming was careful and read the email, and found that there was an extra name among the invitees that he didn't recognize.
"Oh, mainly because I was worried that you wouldn't know what to do over there, so I arranged a team leader for you. When I signed up, I said she was the operating partner of 404. Don't let her slip when the time comes."
Fang Yu blinked and said nonchalantly.
"It's Jiang Nanzhen, our senior sister from the research group. She happens to be going to Miami during those days. She will help you connect with BlackRock's conference team."
404 is the Maiyuan Fund, which needs to pay taxes in the country, including state taxes and federal taxes. There are differences between long-term capital gains and short-term capital gains. It is too complicated to explain and takes up too many words, so I will not go into details. The total amount is about 28%.
Start working on BlackRock.
(End of this chapter)
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